EIL bags IOC management consultancy contract

NEW DELHI: Indian Oil Corp (IOC) has awarded the project management consultancy (PMC) contract for its prestigious naphtha cracker complex at Panipat to Engineers India Ltd.

"This (Rs 177.54 crore) award makes it the single biggest award of contract to EIL on the PMC route," EIL said in a press release here.

The project is to be completed in 45 months.

The naphtha cracker complex at Panipat has been planned on world scale size of 800,000 tonnes per annum of ethylene production capacities with inbuilt provision for augmenting the capacity of the cracker to 1000,000 tonnes per annu. The unit will be designed for maximising the production of propylene alongside.

"The ethylene and propylene produced in the naphtha cracker, as well as, in the various refinery streams shall serve as the basic block for futher conversion in the downstream units," it said.